NNPCL: Dangote announces date Nigerians can buy his $20bn refinery shares

Chairman of the Dangote Group, Aliko Dangote, has announced that Nigerians volition person the accidental to acquisition shares successful the $20 cardinal Dangote Refinery wrong the adjacent 4 to 5 months, which is betwixt June and July, 2026.

Dangote made this known erstwhile the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) and apical officials paid a sojourn to the refinery analyzable successful Lekki, Lagos.

Addressing NNPCL delegates, Dangote reiterated that the refinery would soon beryllium listed connected the Nigerian Stock Market, allowing idiosyncratic Nigerians to enactment successful the ownership of the multi-billion-dollar facility.

“But individually, Nigerians excessively volition person an accidental successful the adjacent maximum 4 oregon 5 months— they volition really beryllium capable to bargain their shares,” helium said.

Dangote besides reiterated that Nigerian shareholders would person the flexibility to person dividends either successful naira oregon successful US dollars, noting that the refinery generates overseas speech earnings.

“People volition person a prime either to get their dividends successful naira oregon to get their dividends successful dollars due to the fact that we gain successful dollars,” helium added.

DAILY POST reports that NNPCL holds a 7.25 percent equity involvement successful the Dangote refinery connected behalf of the Nigerian government.

Recall that Dangote Refinery had earlier announced plans are connected the mode to beryllium listed successful NGX.

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